Clay Siegall Driving Seattle Genetics’ Success

Seattle Genetics is a company that is set up for the principal purpose of developing medicine and delivering palliative care to patients. Even as it offers palliative care, the company is also engaged in working to reduce mortality by developing drugs that can counter mortality as a result of disease. ADCENTRIS, a drug developed by Seattle Genetics, is approved by the FDA and consequently safe for consumption.

Clay Siegall, as CEO of Seattle Genetics partnered with Takeda Pharmaceuticals in order to distribute its drug efficiently. The drug is now distributed in over 60 countries across the globe. Another achievement by the CEO was the securing of over $ 1 billion to facilitate the company’s expansion and research.

Experience

Clay Siegall initially worked at ‘Bristol- Myers Pharmaceutical Research Institute’. Prior to working here, he was employed at the ‘National Institute of Health’ for a period of three years. His board membership is inclusive of Ultrgenyx pharmaceuticals and BioPharmaceutical.

Schooling

Clay studied Biology while at University of Maryland. He would later go back to the same university to study DNA. His PhD from ‘George Washington University’ put him among the cream of the industry.

Acclaim

Clay Siegall as a researcher and scholar is reputed for his writing. He has so far authored 15 books in medical research. He has also submitted over 70 academic papers. He has been recognized by his former University with an ‘Alumnus of the Year Award’. In addition to this 2013 award, Clay was awarded ‘Ernest & Young Entrepreneur of the Year Award’.

The principal concern of Seattle Genetics is to check diseases that continue to cause uncensored mortality. It is the company’s mission to offer not just palliative medicine, but also curative medicine. Clay never got over the helplessness he felt watching his father succumb to cancer while he was still just a boy. He recalls the five years of excruciating pain his father suffered before his eventual demise.

New Bees

To all would be entrepreneurs, Clay encourages networking with seasoned entrepreneurs. He encourages new entrepreneurs to freely mingle with the experienced entrepreneurs irrespective of the industry. This interaction he believes will foster learning experiences not just for the new entrepreneurs, but for the old ones as well.

Eric Lefkofsky and Tempus Address Medical Research

There are few people as influential in the world of technology and data as Eric Lefkofsky. Eric Lefkofsky has largely worked out of Chicago with a special focus on data aggregation. Right now Eric Lefkofsky is focused on his newest project, Tempus. Tempus is a company that is looking to fundamentally change the way that cancer care facilities operate by focusing on data aggregation for both patients and genomicdata. Tempus is a unique idea that is also a natural progression from what the healthcare field has been doing for the past few years with EHRs. Let’s take a closer look at Lefkofsky’s work and goals with the company.

Eric Lefkofsky saw firsthand how cancer care facilities around the country can struggle to get data from one place to another. One of the large problems is that notes and details are notoriously hard to keep track of. From handwritten doctor’s notes to poorly organized EHRs, life saving information can have a hard time getting to where it needs to go. Lefkofsky uses this broad problem to point out how it can make specific, focused issues for cancer care patients: if one medication works for one patient, why won’t it work for another patient across the country?

In order to answer the question we highlighted above Eric Lefkofsky decided to focus his work on Tempus. Tempus was established in 2015 and since then it has reached a valuation of over $700 million in total. Tempus operates like a digital overlay that seeks to bring together patient and genomic data into one convenient location that can be accessed by patients and medical professionals. Tempus is an operating system that pools and aggregates data in a variety of different ways. Over the years costs of genome sequencing have come down and now Tempus is going to push the envelope even further in a life saving effort.

Tempus is attempting to make a broad and sweeping change to the cancer care world. So far Tempus has been partnered up with several professional facilities including Duke University School of Medicine, Mayo Clinic and the Cleveland Clinic as well.

The Impact Oncotarget Has Made

Oncotarget is a free journal that was established in 2010. It is published by Impact Journals Its main focus is on matters dealing with health specifically on the care and treatment of cancer. The perspective of the patient is also included when it comes to these treatment methods. The chief editors of Oncotarget are Mikhal V. Blagosklonny and Andrei V. Gudkov. The journal looks into the impact of newly suggested protocols. Aspects such as the impact of the treatment on the quality of life and satisfaction one gets from the treatment are focused on. If the treatment proves to be beneficial more doctors will incorporate the procedure into their work.

Contents of the journal are posted on their Official Website on a weekly basis where any interested individual can see them. From this site individuals can get information on the different research that is being carried out to treat cancer. People can leave reviews on the site either giving positive or negative feedback. These will be used to make changes where necessary. Reviews also help determine the age groups visiting the site. This information will help the editors to write articles that will appeal to the specific age groups.Issues can be printed depending on what people demand. The aim of the Oncotarget team is to relay information regarding scientific results far and wide. This will help in maximizing the impact of scientific research that is being done.

The journal helps get rid of the border between different medical personnel who have various specialties. The fields of biomedical science are linked through this journal. This is because different professionals come to review the journal and give their insights on the topics.The continued success of the journal has prompted editors to focus on other areas apart from oncology. Areas such as pathology, immunology and autophagy are included in the articles. The popularity of Oncotarget is due to the team work of the professionals involved. Through this, insightful information is published. The impact factor that Oncotarget has is at 5.I68, which was recorded in 2016/2017. This number has gone up from 5.008 in 2015.

 

Eric Lefkofsky, an American Entrepreneur

Eric Lefkofsky is considered to be one of America’s greatest entrepreneurs. The teacher, writer, philanthropist and business man created a variety of successful companies which we all know and love. Dedicated to giving, Eric leads many successful charities and organizations as well.

Eric grew up in a suburban community located in northern Michigan. Son of a school teacher and engineer, Eric Lefkofsky pursued law as an education. He graduated with honors from the well respected University of Michigan. After graduating, Lefkofsky then pursued a higher education in the same state. He completed his studies at The University of Michigan Law School. It was here he managed to secure his Juris Doctor.

The cofounder and CEO of Tempus, Eric and his company are working tirelessly to bettering lives of cancer patients. Tempus is commonly known for their cancer battling technologies. This innovative company allows doctors the opportunity most are denied. Physicians are given personalized cancer care treatment opportunity through analytical and machine learning platforms.

Tempus provides genomic sequencing service. They also provide molecular analyzing and therapeutic data allowing doctors to make the most accurate decisions. These decisions are based on real time data.
Eric Lefkofsky is also the cofounder of Lightbank. This financial organization specializes in investments. Lightbank offers various venture capitalist investment opportunities. The most known companies Lightbank invest in are Groupon, Mediaocean and InnerWorkings. Although the headquarters is located in Chicago, Loghtbank has made investments with companies across the nation.

Eric is also known for his professional teaching career. He has worked alongside many prestigious schools in the Midwest region. Eric teaches a wide range of courses providing insight on his professional and educational background.

Eric has taught Applied Technology at Kellstadt Graduate School of Business. He has also taught a course on Disruptive Business Models at Northwestern University. At Chicago Booth School of Business, Eric teaches a course on entrepreneurship and web based businesses. For more info about us: http://www.bizjournals.com/chicago/news/2016/10/20/groupon-founder-eric-lefkofsky-joins-steppenwolf.html click here.

The cofounder of Groupon is much more than a business man. With a passion for helping the community, Eric has since joined the Giving Pledge. The Giving Pledge is a campaign created by Bill Gates and Warren Buffett to encourage wealthy people to contribute their wealth to philanthropic causes.

Eric Lefkofsky also created a charitable trust. Content on helping others, Eric started the Lefkofsky foundation in 2006. The foundation supports science and children foundations. The Lefkofsky Foundation has collectively help fund over fifty total organizations.

Eric Lefkofsky is One of the Leaders in the Field

Eric Lefkofsky Business

Many people today want to learn how to take their health to a new level. Millions of people every year struggle with diabetes and high blood pressure. For the vast majority of these people, a few lifestyle changes completely transform their health in less than a year. Now is a great time to learn about your health because there is so much information available.

There are a lot of companies that are taking healthcare industry by storm. These companies are transforming the way that people conduct their health, and they are ready for any challenge that comes their way. Eric Lefkofsky is one of the leaders in the business world who is tired of the typical healthcare system. He is working on a lot of projects in his business that will help other people throughout the world.

Technology

Many people like Eric Lefkofsky are frustrated with the healthcare system today. There is more technology than ever before, but the cost of health care continues to increase every year. Not only that, but he is tired of seeing people struggle with their health and wellness because they lack basic information.

Everyone knows that they should eat healthy and exercise. However, few people today are actually doing this. It is vital for people to start taking their heathy seriously. Eric Lefkofsky employees in his business are working on ways that they can teach people basic steps to get out of bad health. The company has already had success with many people who wanted transform their health.

Eric Lefkofsky

When it comes to new technology in the world of healthcare, Eric Lefkofsky is one of the leaders in the field. However, it is also important to know that he truly cares about helping people. Although he runs a successful company, he is not just doing it for the money. He has a track record of success in helping his customers feel better and more energetic. In the world we live in today, the cost of healthcare continues to increase every year. Eric Lefkofsky is fighting to change that.

About Eric Lefkofsky: www.bizjournals.com/chicago/news/2017/04/12/groupon-co-founder-moves-to-help-youth-access-art.html

CEO Clay Siegall Elaborates the Growth of Seattle Genetics

Clay Siegall, chief executive officer at Seattle Genetics spoke to Business Journal in March 2016 about the growth of the biotechnology company from 2015 through 2016. Siegall said the company is in the process of developing 12 new drugs and hiring 120 additional employees before the end of this year. The company is already testing its commercial drug, Adcetris for cancer treatments and more than 70 trials to treat different types of lymphomas. Siegall also released information about the company’s advanced clinical trial of the drug to treat Hodgkin lymphoma. Adcetris trials will have an enormous influence on Seattle Genetics once all results are examined carefully.

According to a guidance correspondence to the company’s investors, the drug generated approximately $226 million in net sales in the United States. Adcetris sales in Canada are forecasted to reach up to $275 million from 2015 to the end of 2016. Partnering company of Seattle Genetics, Takeda Pharmaceutical also markets the drug in other countries beside Canada and the U.S. Adcetris is the first commercial drug developed by Seattle Genetics.

Seattle Genetics was co-founded in 1998 by, CEO, chairman and president, Clay Siegall. After earning his BA degree and PhD degree from University of Maryland and George Washington University, Siegall worked at the National Cancer Institute, Bristol Myers, National Institutes of Health, and Squibb Pharmaceutical. Dr. Siegall holds 15 patents and has published over 70 works as an acclaimed author. A new drug, Alcanza is developed by the company with plans of getting it into phase three clinical trials in 2016 to treat AML (acute myeloid leukemia).

Siegall also mentioned to Business Journal the company is releasing data about three new drugs to treat bladder cancer and breast cancer. By the end of this year, he said the company will add 100 employees to the headquartered office in Bothell, Washington. Approximately 20 employees will be added to the Seattle Genetics office in Switzerland. The company is meeting its desired goal noted in its 2016 second quarter financial report to expand Adcetris opportunities.

Seattle Genetics Is Prime For Expansion After Stock Boost

Seattle Genetics (SGEN) is expecting massive funding growth, according to a report in Healthcare.inc. The Bothell-based biotech outfit recently announced that the $480 million stock offering is being boosted up to $582 million.

Company CEO Clay Siegall said vigorous investor interest is the primary reason for the increase. He also noted that the funds will go further than just developing cancer drugs. The company will also see an expansion in infrastructer and hiring.

Siegall says he expects at least 500 people to be hired by 2020. To accommodate the increasing workforce, the company is leasing other spaces in the Bothell area.

“We are definitely on the incline,” said Siegall. “I fully expect to have even more buildings in the near future.”

Founded in 1998, Seattle Genetics is one of the most reputable and successful biotech companies in the Puget Sound area.

 

“The fact that we are not turning a great profit right now, is not a major concern. That will definitely happen down the road.”

Many biotech companies take some time before they see a profit. In the interim, Seattle Genetics is focusing on expanding the use for the cancer drug Acedtris.

Clay Siegall is a the founder and CEO of Seattle Genetics. The company targets the development of drugs for cancer treatment. The company holds dozens of patents and has entered into partnerships with other companies including Glaxo Smith Kline, Pfizer and Genetech.

Siegall has received numerous awards for medicine. He graduated from the University of Maryland with a bachelors in biology. He has Phd. in genetics from George Washington University.

How Did Clay Siegall Make Seattle Genetics Into The Best Middleman In Pharmaceuticals?

The companies that make drugs for the market today have a lot of partners out there who help them test and distribute their products. The products are amazing because they have passed through a lot of hands, and the products keep getting even better every day because of how well they are created. Clay Siegall made Seattle Genetics into one of these partners when he started the company, and he now has a lot of partnerships with companies that actually help people.

The company is selling nearly $100 million in their own cancer drugs every year, but they also work with large firms that are going to want to know that they can trust Seattle Genetics. Seattle Genetics is very easy to trust because they have signed deals with Bayer, Progenics and CuraGen just to name a few. They have so many partners that they are able to reach more people than most testing and production firms, and they are valued at nearly a billion dollars with all their deals included.

Clay Siegall has been able to find a lot of funding for the company that has produced great cancer drugs that are paying for themselves, and he has also created an IPO for the company that gave it the extra funding it needed to get into the cancer drug realm.

Seattle Genetics is a great company for people to come to because it helps them get everything they need from drugs distributed from other providers to cancer medication. Clay Siegall believed in making his company very diverse, and that has made them a name in the industry.

Original Sources:

http://www.bloomberg.com/research/stocks/people/person.asp?personId=607509&privcapId=34145

http://seekingalpha.com/article/3991804-seattle-genetics-sgen-clay-b-siegall-q2-2016-results-earnings-call-transcript